UBS is dismissed in U.S. silver lawsuit, other claims narrowed

A U.S. judge has dismissed UBS Group AG (UBSG.S) as a defendant in a lawsuit accusing big banks of conspiring to fix silver prices and exploit price distortions at investors' expense.
In a decision made public on Tuesday, U.S. District Judge Valerie Caproni in Manhattan also said investors may pursue some but not all antitrust and manipulation claims against Bank of Nova Scotia ("ScotiaBank") (BNS.TO) and HSBC Holdings Plc (HSBA.L).
Deutsche Bank AG (DBKGn.DE) settled related claims in April, and the investors plan soon to seek preliminary approval of a settlement, their lawyer... read more

Related news

IBM said it had "met its contractual obligations and delivered a solution that Avantor continued to use in its operations."
Avantor, which produces chemicals and raw materials for pharmaceutical products, laboratory chemicals and chemicals...

U.S. District Judge Colleen McMahon allowed the government to continue its False Claims Act case against the Swiss drugmaker over claims submitted to Medicare and some state Medicaid programs for Myfortic, used by patients with kidney transplants, and...

Wells Fargo & Co (WFC.N) said it agreed in principle to pay $110 million (88.38 million pounds) to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's...

Apple is set to pay out around £66m ($100m) to settle a US lawsuit which claims children were improperly charged while playing iPad and iPhone games.
It is alleged that poor safeguards meant kids were easily able to buy extra features for the free...

In its lawsuit BP claims some of Watts's clients were "phantoms" carrying social security numbers that belonged to either living people that were not the named claimants or in some cases to people who were dead.
(Reporting by Andrew Callus;...

The board of Carillion dismissed a proposal that could have poured £218m into the government contractor’s ailing pension scheme, believing a month before the company’s collapse that they could still revive its fortunes.
Details of a plan drawn up by...